Grant opportunity · Maryland Department of Housing and Community Development

UPLIFT (Utilizing Progressive Lending Investments to Finance Transformation)

Award amount varies

About this opportunity

UPLIFT (Utilizing Progressive Lending Investments to Finance Transformation) is a program administered by the Maryland Department of Housing and Community Development (DHCD) that aims to increase property values and create wealth-building homeownership opportunities by accelerating the development, construction, and sale of quality affordable housing in low-income census tracts and designated Sustainable Communities. The program closes the 'appraisal gap' — the difference between what it costs to build or renovate a home and what the home can sell for on the open market — which is especially common in communities historically affected by redlining and disinvestment. The State covers the appraisal gap through UPLIFT funding, enabling qualified development teams to acquire, develop, build…

Who may apply

non-profit, for-profit, government

Deadline

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